The winner of the Bitcoin speculation game is the Bulgarian government? Bitcoin confiscated from fraudsters worth $ 3 billion

The winner of this year's Bitcoin game may have come to light. A Bulgarian government investigator confiscated from fraudsters this spring, and the value of Bitcoin stored is now $ 3 billion.

This estimate was released today by CoinDesk (Editor's Note: December 8th). According to the site, in May of this year, authorities confiscated a considerable amount of stolen goods worth $ 500 million at the time, 200,000 Bitcoins. At that time, investigators were arresting thugs who were colluding with customs authorities throughout Southeast Europe to forge customs documents for tax evasion.

The criminal used Bitcoin as part of this scheme. At the time, 1 Bitcoin was only priced at $ 2,354, but now it's just over $ 15,000. If they had access to the internet in prison, they would have hit their heads against the fence many times.

I don't know what the Bulgarian government is doing with Bitcoin. According to CoinDesk, a local Bulgarian blog asked what happened to Bitcoin, which suddenly rushed into the government, but no answer seems to have been obtained.

That said, if Bulgaria could sell those Bitcoins, it might be a good time for the government. Bulgaria is facing an annual budget deficit of about $ 600,000 in 2018. So this $ 3 billion could help balance balances over the next few years.

But the Bulgarian government may also face the same dilemma as early Bitcoin holders. In other words, the question is, "Is this a bubble?"

If it's a bubble, the government should let go of Bitcoin right away. But what if the price of Bitcoin rises to $ 30,000 in the future? In that case, you will regret the sold Bitcoin for decades and hit your head against the wall.

[Via VentureBeat] @VentureBeat

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